Austrian integrated energy firm OMV has boosted its UK west of Shetland holdings after agreeing to buy four licenses in the area from Hess, including the Cambo field and the Blackrock prospect, for US$50 million. Depending on future developments…
PETRONAS and Shell have made an oil discovery offshore Sabah, Malaysia. The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136 metres of oil bearing sands…
Ophir Energy’s deepwater Padouck Deep-1 well, in the Ntsina block, offshore Gabon, has completed drilling and found no significant hydrocarbons. London-based Ophir said the well, drilled with the Vantage Titanium Explorer, was targeting…
Statoil Petroleum has discovered hydrocarbons in wildcat well 34/8-17 S in production license 120 in the Norwegian sector of the North Sea. The well was drilled on the north-east flank of the Visund field, in the northern part of the North Sea…
Brazil's President Maria das Graças Silva Foster and Director of Exploration and Production, José Formigli, announced the start of the seventh and final round of the Fleet Renewal Plan for Offshore Support Vessels (Prorefam). The Brazilian…
ITF, the Industry Technology Facilitator, has started a joint industry pptoject (JIP) with Tullow Oil to establish a comprehensive, global wells and completions reliability database and is urging more operators to join the project. The…
Australia-based AWE Limited will now attempt to drill a sidetrack well in New Zealand after drilling issues encountered last week on the Pateke-4H were unable to be resolved. The lower part of the hole has been abandoned. Read more on Pateke drilling:http://www…
Tri Tool Incorporated will be opening a new 15,000sq ft office and warehouse location to better serve the offshore and onshore pipeline oil & gas industries in the gulf region. On May 7th, Tri Tool will be hosting a grand opening event…
Chariot Oil & Gas Limited has been awarded 75% interest and operatorship of the Mohammedia Reconnaissance license offshore Morocco. The Office National des Hydrocarbures et des Mines (ONHYM) will be its partner, holding 25% carried interest…
Luxembourg-based investment firm JACCAR Holdings has made a takeover bid for French offshore vessel owner Bourbon. JACCAR, the private, maritime sector-focused, investment company of Jacques de Chateauvieux, Bourbon’s chairman, already directly owns 26…
Cairn Energy has said it is committed to its planned 2014 operations, but that spending beyond then is being looked at closely as its awaits resolution of tax issues in India. The Edinburgh-based firm says spending beyond 2014 would depend…
Shipbuilding firm Vard has set up a new subsidiary for ship design, engineering and sales activities in Canada. Vard Marine Inc. is a ship design and marine engineering company providing solutions for offshore and specialized vessels such as offshore support…
Michael Studinger, a project scientist for NASA's Operation IceBridge, and Nathan Kurtz, a physical scientist, provide commentary during a virtual tour of the Operation IceBridge campaign in the Arctic.
McDermott International Inc. recently mobilized its dive support vessel (DSV) Thebaud Sea for an emergency pipeline repair offshore the United Arab Emirates. This is the third time in recent months that the DSV has been fast tracked to an emergency response…
Keppel Offshore & Marine’s subsidiaries have secured contracts worth about US$110 million in total. Keppel Shipyard will, for SOFEC Inc., fabricate an external turret mooring system for an FPSO vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana…